Global billionaire tax could yield $250 billion annually, study says

Contributing sentiments towards policy:

47% : "In our view, this is difficult to justify because it risks to undermine the sustainability of tax systems and the social acceptability of taxation," the observatory's director Gabriel Zucman told journalists.Billionaires' personal tax in the United States is estimated to be close to 0.5% and as low as zero in otherwise high-tax France, the Observatory estimated.
46% : Governments should open a new front in the international clampdown on tax evasion with a global minimum tax on billionaires, which could raise $250 billion annually, the EU Tax Observatory said on Monday.
44% : Growing wealth inequality in some countries is fuelling calls for the richest citizens to bear more of the tax burden as public finances struggle to cope with aging populations, huge financing needs for climate transition and legacy COVID debt.

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